The USD Index rose against the basket of six major currencies to end the session in the green at 98.83 on Friday, despite that the U.S. consumer sentiment fell to its lowest level since October 2016.
The U.S. Dollar strengthened on Thursday, as news that the United States and China were discussing renewing their negotiations in September eased worries about the ongoing trade war.
The U.S. Dollar strengthened on Wednesday, but the gains were capped as a deepening inversion of the U.S. yield curve fueled investor concerns about a recession just days before the U.S. - China retaliatory tariffs on each other’s imports are set to go into effect.
The U.S. Dollar was little changed on Tuesday as fears from the U.S.-China trade war will drag on and severely hurt economic growth led to yet another drop in U.S. bond yields.
The U.S. Dollar strengthened on Monday after the United States and China agreed to ease trade war tensions.
The U.S. Dollar deteriorated on Friday after U.S. President Donald Trump ordered U.S. companies to start looking for an alternative to China after they imposed more tariffs on American goods, escalating the prolonged trade war between the world’s two largest economies.
The U.S. Dollar weakened on Thursday, as investors awaited a possible statement from the Federal Reserve at this week’s Jackson Hole, Wyoming event to address the deteriorating global economic outlook.
The U.S. Dollar strengthened on Wednesday, as risk appetite increased with stocks and U.S. yields were mostly higher ahead of the Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major central banks this weekend.
The U.S. Dollar weakened on Tuesday, after a reversal in U.S. yields and ahead of a meeting of central bankers, at which the Federal Reserve is expected to give clues on the possibility of further rate cuts.
The U.S. Dollar strengthened on Monday, as U.S. Treasury yields rebounded from recent lows amid hopes that major economies will seek to boost slowing growth with fresh stimulus.
The U.S. Dollar finished almost flat on Friday’s session, erasing earlier gain after fears related to trade tensions and a Federal Reserve rate cut weighed on consumer sentiment, and a report that Germany possibly will run a deficit to boost growth lifted the euro.
The U.S. Dollar Index rose against the basket of six major currencies to close up at 97.96
The U.S. Dollar rose on Wednesday as investors were concerned about the economic slowdown in Europe.
The U.S. Dollar fell on Monday on expectations that a prolonged U.S.-China trade war would have a negative impact on American economic growth.